Skyharbour Resources Completes Acquisition of Patterson Lake Properties

Skyharbour Resources Ltd (TSXV:SYH) announced that its acquisition of a 100% interest in the 285,000 acres of land in the Athabasca Basin has been completed.

As quoted in the press release:

Pursuant to the terms of the two acquisition agreements with arm’s length parties for a 100% interest in the 285,000 acre land package, the Company paid the sum of $50,000 to cover acquisition costs and issued a total of 1,000,000 common shares at a deemed issuance price of $0.06 per share. The Vendor has been granted a 2% net smelter return royalty on non-uranium minerals and a 2% gross revenue royalty on uranium minerals. The shares issued in connection with this transaction are subject to a hold period and will not trade before August 6, 2013.

Click here to read the full Skyharbour Resources Ltd (TSXV:SYH) press release.